Calculating Economic Risk of a Warming Atmosphere

Oct. 1 (Bloomberg) -- Billionaire Tom Steyer, former U.S. Treasury Secretary Hank Paulson and New York Mayor Michael Bloomberg, founder and majority owner of Bloomberg News's parent Bloomberg LP, have joined forces to fund a study to calculate how much economic risk American industries and communities face from a warming atmosphere and more extreme weather patterns. This story will appear in the November issue of Bloomberg Markets magazine. Bloomberg's Edward Robinson reports. (Source: Bloomberg)

Former Yellen Adviser Says Recession a ‘Live Possibility’
17:05 - Chair Janet Yellen said the Federal Reserve still expects to raise interest rates gradually while making it clear that continued market turmoil could throw the central bank off course from the multiple increases that policy makers have forecast for 2016. Andrew Levin, an economics professor at Dartmouth College in Hanover, New Hampshire, and a former policy adviser to Yellen when she was the Fed vice chair, speaks to Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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